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Hormuz Strait
August 15th, 2026 - 12:17 GMT
Osama Ali

Osama Ali

Washington is coming for Iran's wallet

ALBAWABA - The United States is developing a new, wide package of economic measures aimed at increasing pressure on Iran, with senior officials describing the planned penalties as among the harshest ever imposed on a single country. The approach will blend financial sanctions, stepped-up maritime enforcement and calibrated military deterrence, but it will also leave diplomatic doors open to allow for the potential of future negotiations, a source familiar with ...
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Dubai has been ranked first in the Arab world and second globally for the 'ease of issuing building permits'. (File photo)
November 5th, 2017 - 01:03 GMT

Dubai Second Easiest Country for Ease of Issuing Building Permits

Revenues were also up by 9 percent (11 percent without currency fluctuations). (File photo)
November 5th, 2017 - 12:54 GMT

Aramex Records Net Profit Growth of 13 Percent in Q3 2017

The education sector in the UAE and GCC region holds bright prospects for teachers. (GEMS Education/ File)
November 5th, 2017 - 12:42 GMT

Thousands of Teachers Needed in UAE and GCC in Next Five Years

Shares of Kingdom Holdings tumbled nearly 10 percent on Sunday. (AFP/ File)
November 5th, 2017 - 11:27 GMT

Kingdom Holding’s Shares Crash After Arrest of Prince Alwaleed in Anti-Corruption Probe

“Would very much appreciate Saudi Arabia doing their IPO of Aramco on the New York Stock Exchange. Important to the United States!,” Trump tweeted. (AFP/ File)
November 5th, 2017 - 07:01 GMT

In Tweet, Trump Urges Saudi Arabia to Choose NYSE for Aramco IPO

The package represents additional financing to the Iraq Emergency Operation for Development Project. (Shutterstock)
November 2nd, 2017 - 12:16 GMT

World Bank to Provide $400 Million for Iraq Reconstruction

The new authority will help improve protection of networks, information technology systems and data. (File photo)
November 2nd, 2017 - 10:53 GMT

Saudi Arabia Sets up New Authority for Cyber Security

Qatar's strong fiscal position and relatively diversified economy will propel economic activity going forward in the country. (File photo)
November 2nd, 2017 - 10:16 GMT

Strong Fiscal Position to Bolster Qatar Economy: Report

There will be new areas for oil demand in the future from compound industries. (File photo)
November 2nd, 2017 - 08:28 GMT

Will Oil Demand Peak Soon? Here Is the View From Saudi Arabia

Bahrain has been among the hardest hit countries in the Gulf Cooperation council by the drop in oil prices. (Shutterstock)
November 2nd, 2017 - 07:03 GMT

Bahrain Asks Gulf Allies for Financial Aid

Saudi Arabia has made the most progress in terms of female economic participation since the WEF report began in 2006. (Shutterstock)
November 2nd, 2017 - 05:59 GMT

World Economic Forum Praises Slow, but Sure, Progress in Closing Saudi Gender Gap

The shelters are part of a project for 400 air-conditioned bus shelters covering various areas of Dubai. (Shutterstock)
November 1st, 2017 - 02:00 GMT

10 AC Bus Shelters for Academic City in Dubai Next Year

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